90th General Assembly
Status of SB0670
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CULLERTON.

(BUGIELSKI-FEIGENHOLTZ-DEUCHLER)

   815 ILCS 205/4.1a         from Ch. 17, par. 6406                            

        Amends the Interest Act.  Adds a caption to a Section  concerning      
   charges that are deemed not to be consideration for a loan.                 
        SENATE AMENDMENT NO. 1.                                                
          Deletes reference to:                                                
          815 ILCS 205/4.1a                                                    
          Adds reference to:                                                   
          815 ILCS 205/4                  from Ch. 17, par. 6404               
        Replaces the title and  everything  after  the  enacting  clause.      
   Provides  that  it  is lawful to impose upon a borrower a cancellation      
   fee not exceeding $500 if the borrower cancels a home equity  line  of      
   credit.                                                                     
          FISCAL NOTE (Dept. of Financial Inst.)                               
          SB 670 would have no fiscal impact on this Dept.                     
          STATE MANDATES FISCAL NOTE (DCCA)                                    
          Fails to create a State mandate.                                     
          HOME RULE NOTE                                                       
          SB 670 does not preempt home rule authority.                         
          HOUSING AFFORDABILITY NOTE                                           
          This bill will have no direct impact on the cost of construc-        
          ting, purchasing, owning or selling a single family residence.       
        HOUSE AMENDMENT NO. 1.                                                 
        Provides that a  cancellation  fee  not  exceeding  $500  may  be      
   charged unless otherwise prohibited by law.                                 
   97-02-06  S  FIRST READING                                                  
   97-02-06  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   97-02-19  S       ASSIGNED TO COMMITTEE               FIN INST              
   97-02-28  S                                 POSTPONED                       
   97-03-06  S                             AMENDMENT NO. 01-FINANC. INST. S    
   97-03-06  S                                   ADOPTED                       
   97-03-06  S       DO PASS AS AMENDED                  008-000-000   SFIC    
   97-03-06  S  PLACED ON CALENDAR ORDER OF 2ND READING  97-03-11              
   97-03-12  S  SECOND READING                                                 
   97-03-12  S  PLACED ON CALENDAR ORDER OF 3RD READING  97-03-13              
   97-03-13  S  THIRD READING - PASSED                   058-000-000           
   97-03-13  H  ARRIVE IN HOUSE                                                
   97-03-13  H  PLACED CALENDAR ORDER OF FIRST READING                         
   97-03-14  H  HOUSE SPONSOR                            FEIGENHOLTZ           
   97-03-18  H  FIRST READING                                                  
   97-03-18  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   97-03-21  H       ASSIGNED TO COMMITTEE               FIN INSTIT            
   97-04-29  H  ALTERNATE PRIMARY SPONSOR CHANGED TO     BUGIELSKI             
   97-04-29  H  ADDED AS A JOINT SPONSOR                 FEIGENHOLTZ           
   97-05-07  H  DO PASS/SHORT DEBATE                     023-001-000   HFIN    
   97-05-07  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   97-05-07  H                     FISCAL NOTE REQUESTED DEUCHLER              
   97-05-07  H  HOUSING AFORDABLTY IMPCT NOTE REQUESTED  DEUCHLER              
   97-05-07  H  CALENDAR ORDER 2ND READING-SHORT DEBATE                        
   97-05-12  H                         FISCAL NOTE FILED                       
   97-05-12  H  CALENDAR ORDER 2ND READING-SHORT DEBATE                        
   97-05-13  H  HOUSING AFORDABLTY IMPCT NOTE REQUESTED  WITHDRAWN/DEUCHLER    
   97-05-13  H  SECOND READING-SHORT DEBATE                                    
   97-05-13  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   97-05-13  H  RECALLED TO SECOND READING-SHORT DEBATE                        
   97-05-13  H                             AMENDMENT NO. 01-BUGIELSKI          
   97-05-13  H                     AMENDMENT REFERRED TO HRUL                  
   97-05-13  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   97-05-14  H  STATE MANDATES FISCAL NOTE FILED                               
   97-05-14  H  HOME RULE NOTE FILED                                           
   97-05-14  H  HOUSING AFORDABILITY IMPCT NOTE FILED                          
   97-05-14  H                             AMENDMENT NO. 01-BUGIELSKI          
   97-05-14  H                                BE ADOPTED HRUL                  
   97-05-14  H                             AMENDMENT NO. 01-BUGIELSKI          
   97-05-14  H                                   ADOPTED                       
   97-05-14  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   97-05-15  H  THIRD READING/SHORT DEBATE/PASSED        117-000-001           
   97-05-15  H  ADDED AS A JOINT SPONSOR                 DEUCHLER              
   97-05-16  S  SECRETARYS DESK - CONCURRENCE            01                    
   97-05-16  S  FILED WITH SECRETARY                                           
   97-05-16  S    MOTION NON-CONCUR - HOUSE AMENDMENT NO 01-CULLERTON          
   97-05-19  S  SEN NON-CONCURS IN HSE AMENDMENTS (NO.)  01                    
   97-05-19  H  ARRIVE IN HOUSE                                                
   97-05-19  H  PLACED CALENDAR ORDER NON-CONCURRENCE    01                    
   97-05-22  H       MOTION REFUSE RECEDE - HSE AMEND NO 01/BUGIELSKI          
   97-05-22  H  HSE REFUSES TO RECEDE FROM AMENDMENT NO  01                    
   97-05-22  H  HSE REQUESTS CONFERENCE COMMITTEE        1ST                   
   97-05-22  H  HSE CONFERENCE COMMITTEE APPOINTED       1ST/BUGIELSKI,        
   97-05-22  H                                           FEIGENHOLTZ,          
   97-05-22  H                                           HANNIG,               
   97-05-22  H                                           CHURCHILL AND         
   97-05-22  H                                           DEUCHLER              
   97-05-23  S  SEN ACCEDE REQUEST CONFERENCE COMMITTEE  1ST                   
   97-05-23  S  SEN CONFERENCE COMMITTEE APPOINTED       1ST/O'MALLEY,         
   97-05-23  S                                           WALSH,T, GEO-KARIS    
   97-05-23  S                                           REA, CULLERTON        
   97-05-30  S  FILED WITH SECRETARY                                           
   97-05-30  S               CONFERENCE COMMITTEE REPORT 1ST/CULLERTON         
   97-05-30  S   CONFERENCE COMMITTEE REPORT REFERRED TO SRUL                  
   97-05-30  H  HSE CONFERENCE COMMITTEE REPORT SUBMITED 1ST/BUGIELSKI         
   97-05-30  H   CONFERENCE COMMITTEE REPORT REFERRED TO 1ST/HRUL              
   97-05-30  H             BE APPROVED FOR CONSIDERATION 1ST/HRUL              
   97-05-30  S               CONFERENCE COMMITTEE REPORT 1ST/CULLERTON         
   97-05-30  S             BE APPROVED FOR CONSIDERATION SRUL                  
   97-05-30  H  HOUSE REFUSES TO ADOPT CONF COM RPT      1ST                   
   97-05-30  H  HSE REQUESTS CONFERENCE COMMITTEE        2ND                   
   97-05-30  H  HSE CONFERENCE COMMITTEE APPOINTED       2ND/BUGIELSKI,        
   97-05-30  H                                           FEIGENHOLTZ,          
   97-05-30  H                                           HANNIG,               
   97-05-30  H                                           CHURCHILL AND         
   97-05-30  H                                           DEUCHLER              
   97-05-30  S  SEN CONFERENCE COMMITTEE REPORT SUBMITED 1ST/CULLERTON         
   97-05-30  S  SENATE CONFERENCE REPORT LOST            1ST/004-047-001       
   97-05-31  S  SEN ACCEDE REQUEST CONFERENCE COMMITTEE  2ND                   
   97-05-31  S  SEN CONFERENCE COMMITTEE APPOINTED       2ND/O'MALLEY,         
   97-05-31  S                                           WALSH,T, GEO-KARIS    
   97-05-31  S                                           REA, CULLERTON        
   99-01-12  S  SESSION SINE DIE                                               

   END OF INQUIRY 



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